Ayn Rand killed the American dream: Our free-market economy only works for the 1 percent
Posted by ShrugInArgentina 9 years, 10 months ago to Economics
This article starts with a quote from a book titled "Altruism" and in the first paragraph notes that for (George) Soros, "if the doctrine of economic laissez- faire — a term dear to philosopher Ayn Rand — had been submitted to the rigors of scientific and empirical research, it would have been rejected a long time ago."
If the the preset economic system in the USA was "submitted to the rigors of scientific and empirical research" the assertion that it is an example of laissez-Faire capitalism is what would have to be rejected.
If the the preset economic system in the USA was "submitted to the rigors of scientific and empirical research" the assertion that it is an example of laissez-Faire capitalism is what would have to be rejected.
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I recall reading essays in the 1970's in which Ayn Rand extolled the virtues of laissez- faire capitalism while denouncing the evils of a mixed or controlled economy. She made it clear that capitalism was being blamed for the negative consequences of government intervention and that the attacks against capitalism were being made by the advocates of even grater intervention.
It's worth noting that in the opening (quoted) paragraph the author of Altruism, Matthieu Ricard, committed the unspeakable heresy of referring to Ayn Rand as a philosopher.